Vice President AML CFT Officer at First Bank Chicago in Northbrook, Illinois

Job Description:

This position reports to Chief Risk Officer.

Basic Function

Responsible for developing, implementing and administering all aspects of the Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT)/Sanctions Compliance Program in accordance with applicable laws, guidelines and regulations.

Essential Duties

1. Manage AML/CFT/Sanctions Program: 
   
   
   
   • Determine effects of AML/CFT/Sanctions laws and regulations on Bank policy, procedures, processes and risk assessments 
   
   
   • Implement changes to Bank policy, procedures, processes and risk assessments to ensure compliance with AML/CFT/Sanctions laws and regulations  
   
   
   • Manage AML/CFT/Sanctions Audits and Exams 
      


2. Review, Monitor and Analyze the following reports and items: 
   
   
   
   • Reporting on Verafin for AML/CFT/Sanctions, CTRs, SARs, wires, monetary instruments, etc. 
   
   
   • Cash reports from Fiserv and Verafin, $3,000 to $10,000 logs, kiting suspect reports, International ACH (IAT) reports 
   
   
   • Overdraft and deposited return checks 
   
   
   • Review and confirm data file transfers daily to Anti-Money Laundering software  
   
   
   • Rectify non-post items on ACH, ATM, Wires and Teller cash-ins or cash-outs 
   
   
   • Various audit and exam findings to remedy deficiencies 
      


3. Create and update the following reports and items: 
   
   
   
   • Create & update Board Reports - BSA, ID Theft Red Flags, GLBA  
   
   
   • Create reports by request of auditors and examiners 
   
   
   • Update Policies, Procedures and Risk Assessments - AML/CFT/Sanctions, ID Theft Red Flags, Detection & Deterrence of Elder Financial Abuse 
      


4. Perform the following training and testing: 
   
   
   
   • Annual AML/CFT/Sanctions Training 
   
   
   • Supplemental training when applicable 
      


5. AML/CFT related Fraud Detection and Identity Theft Incidents: 
   
   
   
   • Review and analyze AML/CFT related fraud alerts on Verafin 
   
   
   • Assist with fraud process implementation and review 
   
   
   • Perform fraud monitoring and reporting 
   
   
   • Work with others pertaining to AML/CFT fraud related incidents and identity theft related incidents to minimize impact to client(s) and protect client(s) from additional vulnerabilities 
      


6. Direct supervisory responsibilities: 
   
   
   
   • Work with Assistant AML/CFT Officer(s) with various AML/CFT/Sanctions issues, duties, projects, program enhancements and training 
   
   
   • Work with Teller Manager pertaining to teller non-post entries, CTRs and monetary log entries 
   
   
   • Work with others pertaining to missing CIP/CDD/KYC information and reports, etc. 
      


7. Attend the following meetings: 
   
   
   
   • Compliance Committee Meetings 
   
   
   • Fraud Workgroup Meetings and Fraud Stars Meetings 
   
   
   • New Product, Service, Technology Meetings for new or changed product, service or technology that relate or impact AML/CFT/Sanctions 
   
   
   • Meetings with various areas throughout the Bank to resolve AML/CFT/Sanctions issues 

Nonessential Duties

• Other duties as assigned

Knowledge, Skills & Abilities

• Excellent analytical skills 


• Strong communication skills both verbal and written 


• Detail oriented 


• Ability to multi-task 


• Capable of working independently 


• Proficient computer skills 


• Extensive knowledge of bank regulations

Training & Experience

• Bachelor’s degree in Economics, Finance or Business Management or equivalent related experience 


• Minimum 8 years AML/CFT Officer experience 


• Previous experience in Bank operations  


• Previous supervisory experience 


• Microsoft proficiency 


• Verafin application experience preferred 


• Fiserv application experience preferred 

Compensation

• Expected Salary Range: $125,000 - $140,000


• Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.

Benefits

First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus.  For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits.

First Bank Chicago is an Equal Opportunity Employer: disability/veteran

Crain’s Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024

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